Walmart Inc. $WMT Shares Sold by Westpac Banking Corp

Westpac Banking Corp reduced its position in shares of Walmart Inc. (NYSE:WMT) by 30.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 25,104 shares of the retailer’s stock after selling 11,142 shares during the quarter. Westpac Banking Corp’s holdings in Walmart were worth $2,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC increased its position in shares of Walmart by 397,264.9% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock valued at $10,496,702,000 after purchasing an additional 104,488,610 shares during the period. Nuveen LLC bought a new position in Walmart during the first quarter valued at about $2,532,331,000. Goldman Sachs Group Inc. grew its holdings in Walmart by 30.1% during the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock worth $2,922,770,000 after acquiring an additional 7,706,201 shares during the period. Wellington Management Group LLP raised its position in Walmart by 527.1% in the first quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer’s stock worth $591,620,000 after acquiring an additional 5,664,484 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its holdings in Walmart by 28,684.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer’s stock valued at $371,295,000 after acquiring an additional 4,214,661 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,550 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $107.46, for a total transaction of $166,563.00. Following the completion of the transaction, the executive vice president owned 644,418 shares of the company’s stock, valued at $69,249,158.28. The trade was a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $107.78, for a total value of $1,414,612.50. Following the transaction, the executive vice president directly owned 892,940 shares of the company’s stock, valued at $96,241,073.20. This represents a 1.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 149,383 shares of company stock valued at $15,365,487. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WMT. Bank of America boosted their target price on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Erste Group Bank raised Walmart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. UBS Group reaffirmed a “buy” rating on shares of Walmart in a research report on Friday. The Goldman Sachs Group increased their price target on Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Finally, Mizuho restated an “outperform” rating and set a $115.00 price objective on shares of Walmart in a report on Wednesday, August 13th. Thirty-two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.50.

Walmart Trading Down 0.1%

NYSE:WMT opened at $102.43 on Friday. The stock’s 50-day moving average is $103.40 and its two-hundred day moving average is $99.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The stock has a market cap of $816.68 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 4.83 and a beta of 0.67. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $109.57.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The firm had revenue of $169.34 billion during the quarter, compared to analysts’ expectations of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 EPS. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.